6. In CBS, C stands for:Ans: CoreCBS: Core Banking Solution (CBS) is networking of branches, which enables Customers to operate their accounts, and avail banking services from any branch of the Bank on CBS network, regardless of where he maintains his account.

9. __ is a monetary policy to which allows banks to borrow money through repurchase agreements?Ans: Liquidity adjustment facility (LAF)

10. When a cheque is torn into two or more pieces and presented for payment, such a cheque is called ?Ans: mutilated cheque

11. How much fee charged to file a complaint underBanking Ombudsman?Ans: Zero

12. Who is the appellate authority in BankingOmbusdsman?Ans Deputy Governor of RBI

13. If any customer is not satisfied by the decision of Banking Ombudsman, customer can appeal against the award before the appellate authority within how many days from the date of receipt?Ans 30 days

14. ATMs or Cash Dispensing machine which are owned and operated by Non-Banking Financial Companies are called ?Ans: White Label ATMs.

15. Where is the headquarters Infrastructure Development Finance CompanyAns: Chennai

19. The NBFCs are allowed to accept/renew public deposits for a minimum period of ... ?Ans: 12 months (and maximum period of 60 months)

20. A NBFCs cannot offer interest rates higher than the ceiling rate prescribed by RBI? What is the present ceiling?Ans: 12.5 per cent per annum

21. Minimum capital requirement for Foreign banks that want to set up operations in India is:Ans: Rs. 500 crore

22. What is the minimum paid-up capital requirement of both small banks and payments banks in India?Ans: Rs. 100 crore

23. RBI extended the timeline for full implementation of Basel III norms till:Ans: 31 March 2019

24. SLR ((Statutory Liquidity Ratio)is the amount a commercial banks needs to maintain in the form of _______before providing credit to its customers.Ans: cash, or gold, or govt. approved securities bonds

25. _______ is the rate at which banks borrow funds overnight from the Reserve Bank of India (RBI) against approved government securities.Ans: Marginal Standing Facility (MSF)

26. Who issues Treasury bills (T-bills) in India?Ans: Government of India

27. Treasury bills are available for a minimum amount of:Ans: Rs. 25,000

Money Transfer Service Scheme (MTSS) is a quick and easy way of transferring personal remittances from abroad to beneficiaries in India. But only inward personal remittances into India such as remittances towards family maintenance and remittances favouring foreign tourists visiting India are permissible.

48. How much amount of money can RBI lend to a bank?Ans: 2% of NDTL - Net Demand and Time Liabilities

49. What RBI does to Increase its Monetary Base?Ans: Open Market Operations

50. Which rate does RBI Reduces to Increase liquidity in market?Ans: Repo Rate

क्लर्क के लिए जीके डाइजेस्ट 50 Shortnotes

1. What is the minimum time period of Fixed Deposit (FD) AccountAns: 7 days

6. In CBS, C stands for:Ans: CoreCBS: Core Banking Solution (CBS) is networking of branches, which enables Customers to operate their accounts, and avail banking services from any branch of the Bank on CBS network, regardless of where he maintains his account.

9. __ is a monetary policy to which allows banks to borrow money through repurchase agreements?Ans: Liquidity adjustment facility (LAF)

10. When a cheque is torn into two or more pieces and presented for payment, such a cheque is called ?Ans: mutilated cheque

11. How much fee charged to file a complaint underBanking Ombudsman?Ans: Zero

12. Who is the appellate authority in BankingOmbusdsman?Ans Deputy Governor of RBI

13. If any customer is not satisfied by the decision of Banking Ombudsman, customer can appeal against the award before the appellate authority within how many days from the date of receipt?Ans 30 days

14. ATMs or Cash Dispensing machine which are owned and operated by Non-Banking Financial Companies are called ?Ans: White Label ATMs.

15. Where is the headquarters Infrastructure Development Finance CompanyAns: Chennai

19. The NBFCs are allowed to accept/renew public deposits for a minimum period of ... ?Ans: 12 months (and maximum period of 60 months)

20. A NBFCs cannot offer interest rates higher than the ceiling rate prescribed by RBI? What is the present ceiling?Ans: 12.5 per cent per annum

21. Minimum capital requirement for Foreign banks that want to set up operations in India is:Ans: Rs. 500 crore

22. What is the minimum paid-up capital requirement of both small banks and payments banks in India?Ans: Rs. 100 crore

23. RBI extended the timeline for full implementation of Basel III norms till:Ans: 31 March 2019

24. SLR ((Statutory Liquidity Ratio)is the amount a commercial banks needs to maintain in the form of _______before providing credit to its customers.Ans: cash, or gold, or govt. approved securities bonds

25. _______ is the rate at which banks borrow funds overnight from the Reserve Bank of India (RBI) against approved government securities.Ans: Marginal Standing Facility (MSF)

26. Who issues Treasury bills (T-bills) in India?Ans: Government of India

27. Treasury bills are available for a minimum amount of:Ans: Rs. 25,000

Money Transfer Service Scheme (MTSS) is a quick and easy way of transferring personal remittances from abroad to beneficiaries in India. But only inward personal remittances into India such as remittances towards family maintenance and remittances favouring foreign tourists visiting India are permissible.

48. How much amount of money can RBI lend to a bank?Ans: 2% of NDTL - Net Demand and Time Liabilities

49. What RBI does to Increase its Monetary Base?Ans: Open Market Operations

50. Which rate does RBI Reduces to Increase liquidity in market?Ans: Repo Rate